Settlor’s Intention Clause Samples
Settlor’s Intention. It is the Settlor’s intention that the Trustee of each trust that becomes the holder of S corporation stock shall take such action as shall cause such corporation to continue to qualify as an S corporation within the meaning of Code Section 1361, et seq. and except as expressly provided in this paragraph, all provisions set forth in this Agreement shall apply to each such trust.
Settlor’s Intention. The Settlor hereby expresses its intention to establish a revocable trust for the benefit of the Beneficiaries upon the terms and conditions as hereinafter set forth.